"The purchase of U.S.-based Aligned Data Centers from Australian Macquarie Asset Management on Wednesday is the first deal for the AI Infrastructure Partnership formed last year which includes Abu Dhabi-based fund MGX and Elon Musk's startup xAI among its backers. "With this investment in Aligned Data Centers, we further our goal of delivering the infrastructure necessary to power the future of AI," said BlackRock CEO Larry Fink, who also serves as the chairman of the AI Infrastructure Partnership."
"OpenAI, the startup at the heart of the AI boom, struck deals in recent weeks with chipmakers Nvidia, Advanced Micro Devices, and Broadcom that may cost over $1 trillion to secure about 26 gigawatts of computing capacity, enough to power roughly 20 million U.S. homes. Meta Platforms is building several multi-gigawatt AI data centers, including one called Prometheus due to come online in 2026 and another, Hyperion, that can scale up to 5 gigawatts."
An investor group including BlackRock, Microsoft, Nvidia, Abu Dhabi fund MGX and xAI is buying U.S.-based Aligned Data Centers from Macquarie for $40 billion to secure AI computing capacity. The purchase gives access to nearly 80 facilities and over 5 gigawatts of operational and planned capacity across 50 campuses in the U.S. and Latin America. The deal is the first by the AI Infrastructure Partnership and reflects a wave of big-ticket infrastructure investments. Major tech firms are projected to spend about $400 billion on AI infrastructure this year, while chip and capacity deals are scaling toward multibillion-dollar commitments.
Read at Fast Company
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